Small Caps Lose Ground,
Underperform Blue Chips

By

Larry Bauman Dow Jones Newswires

Updated Sept. 29, 1998 12:01 a.m. ET

NEW YORK -- After posting moderate early gains and spending much of the day in positive territory, small-capitalization and Nasdaq stocks ended with moderate losses, underperforming the broad market and blue-chip stocks, which rose.

The small-cap and Nasdaq markets moved in lockstep with the technology sector, which led the markets higher in the morning, only to set the pace on the downside in the afternoon. The Nasdaq computer index...